ATI Inc. (NYSE:ATI) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. decreased its holdings in ATI Inc. (NYSE:ATI - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,120 shares of the basic materials company's stock after selling 12,160 shares during the period. Everence Capital Management Inc.'s holdings in ATI were worth $447,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Quarry LP bought a new position in ATI during the 2nd quarter valued at about $26,000. UMB Bank n.a. lifted its stake in shares of ATI by 557.0% during the 3rd quarter. UMB Bank n.a. now owns 933 shares of the basic materials company's stock worth $62,000 after acquiring an additional 791 shares during the last quarter. Quest Partners LLC bought a new stake in shares of ATI during the 2nd quarter worth approximately $88,000. Mercer Global Advisors Inc. ADV bought a new position in ATI in the 2nd quarter valued at $217,000. Finally, GAMMA Investing LLC boosted its stake in shares of ATI by 66.0% during the third quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company's stock valued at $224,000 after purchasing an additional 1,330 shares during the period.

ATI Stock Performance

ATI stock traded up $0.21 during trading on Monday, reaching $56.32. The company had a trading volume of 1,509,278 shares, compared to its average volume of 1,494,059. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. ATI Inc. has a twelve month low of $38.04 and a twelve month high of $68.92. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The firm has a 50-day simple moving average of $57.00 and a 200-day simple moving average of $60.12.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). ATI had a net margin of 8.85% and a return on equity of 21.39%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the firm earned $0.55 earnings per share. ATI's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that ATI Inc. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATI. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Susquehanna cut their price target on ATI from $75.00 to $70.00 and set a "positive" rating on the stock in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of ATI from $81.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, ATI currently has an average rating of "Moderate Buy" and a consensus price target of $73.71.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares in the company, valued at $1,293,611.06. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares in the company, valued at $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,598 shares of company stock worth $3,186,432 over the last 90 days. 0.71% of the stock is currently owned by company insiders.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.